Tobacco stocks tank after FDA says it plans to cut nicotine in cigarettes to non-addictive levels (BTI, MO, PM, VGR)

pulse

July 28, 2017 3:57 PM

"5.6 million young people alive today will die prematurely later in life from tobacco use" unless we change course, the FDA said.

Tobacco stocks slumped on Friday following news that the US Food and Drug Administration seeks to lower nicotine in cigarettes to non-addictive levels.

Here are some of the movers:

Altria
-12%
British American Tobacco (London-listed)
-10%
Phillip Morris International
-5%
Vector Group
-4%

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